Wells Fargo & Company MN cut its holdings in shares of Hemisphere Media Group Inc (NASDAQ:HMTV) by 1.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 369,367 shares of the company’s stock after selling 6,838 shares during the quarter. Wells Fargo & Company MN owned 0.90% of Hemisphere Media Group worth $4,157,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stone Ridge Asset Management LLC acquired a new stake in Hemisphere Media Group during the 4th quarter worth about $273,000. Two Sigma Investments LP acquired a new stake in shares of Hemisphere Media Group during the 4th quarter valued at about $505,000. Citadel Advisors LLC lifted its holdings in shares of Hemisphere Media Group by 507.0% during the 4th quarter. Citadel Advisors LLC now owns 65,032 shares of the company’s stock valued at $751,000 after buying an additional 54,318 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Hemisphere Media Group by 1.8% during the 4th quarter. BlackRock Inc. now owns 744,129 shares of the company’s stock valued at $8,594,000 after buying an additional 13,459 shares during the last quarter. Hedge funds and other institutional investors own 31.95% of the company’s stock.

Several equities research analysts have recently issued reports on HMTV shares. BidaskClub upgraded Hemisphere Media Group from a “sell” rating to a “hold” rating in a report on Saturday, March 17th. ValuEngine upgraded Hemisphere Media Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 16th.

Shares of Hemisphere Media Group opened at $13.15 on Wednesday, MarketBeat Ratings reports. The company has a current ratio of 5.04, a quick ratio of 5.04 and a debt-to-equity ratio of 0.88. Hemisphere Media Group Inc has a 52-week low of $10.50 and a 52-week high of $13.95.

Hemisphere Media Group (NASDAQ:HMTV) last announced its quarterly earnings results on Thursday, May 10th. The company reported ($0.19) earnings per share (EPS) for the quarter. The firm had revenue of $29.04 million for the quarter. Hemisphere Media Group had a negative net margin of 19.72% and a negative return on equity of 3.97%.

Hemisphere Media Group Profile

Hemisphere Media Group, Inc owns and operates Spanish-language cable television broadcasting networks and digital content platform in the United States and internationally. It operates Cinelatino, a cable movie network with approximately 20 million subscribers in the United States, Latin America, and Canada; WAPA, a broadcast television network and television content producer; and WAPA.TV, a broadband news and entertainment Website, as well as distributes WAPA2 Deportes, a sports television network in Puerto Rico.

Institutional Ownership by Quarter for Hemisphere Media Group (NASDAQ:HMTV)

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